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OPEC+ Makes Another Large Output Increase
Financial Express Bengaluru
|August 04, 2025
OPEC+ agreed on another bumper oil production increase for September, completing its current tranche of supply revival one year early, and indicated it may consider reviewing the next layer of cuts.
Saudi Arabia and its partners agreed on a video conference to add 547,000 barrels a day next month. This completes the reversal of a 2.2 million-barrel cutback made by eight members in 2023, and also includes an extra allowance being phased in by the United Arab Emirates. The call lasted just 16 minutes, one of the delegates said.
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